What is good stock to day trade today

Screening Filters

1. Price: $5 – $80

   • Purpose: Find reasonably priced, tradable stocks and avoid illiquid penny stocks or very high-priced names that eat up your buying power.
   • Rationale:
     • Below $5, many stocks are thinly traded, more easily manipulated, and have wider spreads—bad for quick in-and-out day trades.
     • Above ~$80, a small account can buy fewer shares, which limits flexibility in scaling in/out and makes risk management (tight stops, partial exits) harder.
     • This range balances affordability with quality/liquidity, suitable for someone day trading U.S. stocks with limited capital.

2. Relative Volume ≥ 1.5

   • Purpose: Focus on stocks that are trading with significantly more volume than usual today.
   • Rationale:
     • Relative volume compares today’s volume to the stock’s average. ≥ 1.5 means at least 50% more activity than normal.
     • Higher-than-normal volume often comes with news, catalysts, and cleaner intraday moves—what day traders want.
     • It also tends to improve liquidity and reduce slippage when entering/exiting positions quickly.

3. Monthly Average Dollar Volume ≥ $2,000,000

   • Purpose: Ensure baseline liquidity so you can get in and out without massive price impact.
   • Rationale:
     • Dollar volume = price × volume. A minimum of $2M per day (on average) filters out thinly traded names.
     • This helps you avoid big bid–ask spreads and situations where your order moves the price against you.
     • For day trading, consistent dollar volume is crucial for reliable order execution.

4. Beta: HighRisk (High Beta)

   • Purpose: Target more volatile stocks that move more than the overall market.
   • Rationale:
     • High beta stocks tend to have larger intraday price swings, which is exactly where day traders look for opportunities.
     • If you’re trying to capture small percentage moves intraday, a low-volatility stock that barely moves offers little opportunity.
     • High beta = more price action, but also more risk—aligned with an active, short-term trading style, not long-term conservative investing.

5. Price Change % Today: 3% – 15%

   • Purpose: Find stocks that are already moving meaningfully today, but avoid extreme, blow-off moves.
   • Rationale:
     • At least +3% indicates there’s a real intraday move and likely a catalyst—good for momentum or reversal trades.
     • Capping it at about +15% avoids the most extended, parabolic moves that can reverse violently and be dangerous to chase intraday.
     • This range focuses on “in play” stocks with tradable trends/volatility without going to the most unstable outliers.

6. Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)

   • Purpose: Limit results to major U.S. exchanges with strong regulation and liquidity.
   • Rationale:
     • These exchanges host most of the well-followed, actively traded U.S. stocks, ideal for day traders.
     • Avoids OTC and less-regulated venues where spreads are wider, liquidity is worse, and fills are less predictable.
     • Directly matches your request: “day trade today in the U.S. stock market.”

Why Results Match Your Request

• The filters collectively look for U.S.-listed stocks that:
  • Are liquid (dollar volume + major exchanges)
  • Are actively traded today (relative volume)
  • Have good intraday price movement (high beta + 3–15% move)
  • Are priced in a practical range for an active day trader with limited capital ($5–$80)

In other words, these criteria are built to surface exactly the type of “in-play” U.S. stocks that day traders typically focus on each morning, without drifting into illiquid or unmanageable names.